v3.19.2
revenue from contracts with customers (Tables)
6 Months Ended
Jun. 30, 2019
revenue from contracts with customers  
Schedule of revenues

 

 

 

 

 

 

 

 

 

 

June 30, 

 

December 31, 

As  at (millions)

    

2019

    

2018

Estimated minimum transaction price allocated to remaining unfulfilled, or partially unfulfilled, performance obligations to be recognized as revenue in a future period 1, 2

 

 

 

 

 

 

During the 12-month period ending one year hence

 

$

2,390

 

$

2,306

During the 12-month period ending two years hence

 

 

888

 

 

933

Thereafter

 

 

29

 

 

24

 

 

$

3,307

 

$

3,263


(1)

Excludes constrained variable consideration amounts, amounts arising from contracts originally expected to have a duration of one year or less and, as a permitted practical expedient, amounts arising from contracts that are not affected by revenue recognition timing differences arising from transaction price allocation or from contracts under which we may recognize and bill revenue in an amount that corresponds directly with our completed performance obligations.

(2)

IFRS-IASB requires the explanation of when we expect to recognize as revenue the amounts disclosed as the estimated minimum transaction price allocated to remaining unfulfilled, or partially unfulfilled, performance obligations. The estimated amounts disclosed are based upon contractual terms and maturities. Actual minimum transaction price revenues recognized, and the timing thereof, will differ from these estimates primarily due to the frequency with which the actual durations of contracts with customers do not match their contractual maturities.

Schedule of accounts receivable

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 

 

December 31, 

As at (millions)

    

Note

    

2019

    

2018

Customer accounts receivable

 

 

 

$

1,285

 

$

1,263

Accrued receivables – customer

 

 

 

 

179

 

 

175

Allowance for doubtful accounts

 

4

 

 

(42)

 

 

(53)

 

 

 

 

 

1,422

 

 

1,385

Accrued receivables – other

 

  

 

 

413

 

 

215

 

 

  

 

$

1,835

 

$

1,600

 

Schedule of contract assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months

 

Six months

Periods ended June 30 (millions)

    

Note

    

2019

 

2018

 

2019

    

2018

Balance, beginning of period

 

 

 

$

1,449

 

$

1,279

 

$

1,475

 

$

1,303

Net additions arising from operations

 

 

 

 

350

 

 

303

 

 

671

 

 

584

Amounts billed in period and thus reclassified to accounts receivable 1

 

 

 

 

(357)

 

 

(313)

 

 

(703)

 

 

(617)

Change in impairment allowance, net

 

4

 

 

(2)

 

 

 2

 

 

(4)

 

 

 1

Other

 

 

 

 

 1

 

 

 1

 

 

 2

 

 

 1

Balance, end of period

 

 

 

$

1,441

 

$

1,272

 

$

1,441

 

$

1,272

To be billed and thus reclassified to accounts receivable during:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The 12-month period ending one year hence

 

 

 

 

 

 

 

 

 

$

1,019

 

$

907

The 12-month period ending two years hence

 

 

 

 

 

 

 

 

 

 

407

 

 

354

Thereafter

 

 

 

 

 

 

 

 

 

 

15

 

 

11

Balance, end of period

 

 

 

 

 

 

 

 

 

$

1,441

 

$

1,272

Reconciliation of contract assets presented in the Consolidated statements of financial position – current

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross contract assets

 

 

 

 

 

 

 

 

 

$

1,019

 

$

907

Reclassification to contract liabilities of contracts with contract assets less than contract liabilities

 

24

 

 

 

 

 

 

 

 

(5)

 

 

(5)

Reclassification from contract liabilities of contracts with contract liabilities less than contract assets

 

24

 

 

 

 

 

 

 

 

(155)

 

 

(142)

 

 

 

 

 

 

 

 

 

 

$

859

 

$

760


(1)

For the three-month and six-month periods ended June 30, 2019, amounts billed for our wireless segment and reclassified to accounts receivable totalled $330 (2018  –  $287)  and $650 (2018 – $567),respectively.